Ok, so I have finished uni and have around $20,000 to pay back. Currently I am being taxed around $30 a week extra for automatic repayments and for a limited time can receive 15% bonuses on advanced repayments.

What I'd like to know is, apart from the inflation interest this loan accrues, I heard the government want to charge interest on HECS. When is that going to happen and how much time do I have?

Also I heard there is going to be an end to the 15% bonus bening offered, does anyone else know when that time is?

Is there anything else I should know about HECS while I am paying it off?

You guys have got your work cut out for you - Uni was an option I couldn't afford. What type of time frame do they give you to pay it back?

as long as it takes..you have to earn over 21k a year (i think) before you start paying it back...but interest on it...i have 9k left on mine eeek but when i go back to uni next year its around 12k a year for 3 years SHIIITTE..

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Truly the deepest kiss one can feel, and the one most sought after, is the one you will not survive....

Cheapest loan you ever get boys, you simply dont notice it leaving your pay until you finish paying for it, and then you wont believe how much extra your pay is. Definitely pay the lump sums if you can.

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